Commodity Prices

Gold •383 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,495.00	-0.70	-0.05%
WTI Crude •29 mins	66.99	-0.21	-0.31%
Gasoline •14 mins	2.123	-0.009	-0.42%
Ethanol •383 days	2.161	+0.000	+0.00%
Silver •383 days	30.82	+1.16	+3.92%

Silver • 383 days	30.82	+1.16	+3.92%
Copper • 383 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	68.99	-0.22	-0.32%
Natural Gas • 12 mins	3.323	-0.002	-0.06%
Heating Oil • 10 mins	2.492	-0.018	-0.71%

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USD/JPY: Retracing Its Previous Decline

By - Oct 22, 2013, 5:43 AM CDT

USD/JPY is retracing its previous decline which started at 99.01. The resistance implied by the 61.8% retracement lies at 98.45. Another resistance is at 99.01. An initial support can be found at 98.10 (intraday low). Another support stands at 97.56.

In the longer term, the technical configuration since the 22 May peak at 103.74 looks like a pause within an underlying uptrend. Therefore, we expect an eventual continuation of the longer term bullish trend. A significant support stands at 95.81. A key resistance stands at 101.53.

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